Disney has announced that Sean Bailey, the head of its live-action movies division, will be stepping down from his position.

The news comes as part of an executive shuffle within the entertainment giant, with Bailey’s successor named as David Greenbaum, former co-president of Disney’s Searchlight Pictures.

Greenbaum will assume the role of president of Disney live action and 20th Century Studios.

The decision to appoint Greenbaum to this newly created position is aimed at fostering greater collaboration within Disney’s production slate.

The move aligns with the company’s strategy to streamline operations and enhance efficiency across its various divisions.

Activist investors

The reshuffle at Disney comes at a time when the company is facing pressure from activist investors.

Notably, activist Nelson Peltz has urged Disney to focus on improving streaming margins and to undertake a review of its creative processes to enhance output from its studios.

Despite the change in leadership, Searchlight Pictures, under the leadership of President Matthew Greenfield, will continue its operations. Greenfield assumed the presidency alongside Greenbaum in 2021.

In the wake of his departure from his executive role, Bailey will remain involved with Disney as a producer on upcoming projects, including the highly anticipated “Tron: Ares” movie.

The announcement of Bailey’s departure and Greenbaum’s appointment underscores Disney’s commitment to adapting to the evolving entertainment landscape and maximizing its creative potential.